MG Motor reports 24% drop in retail sales in October

MG Motor reports 24% drop in retail sales in October The company had retailed 3,750 units in the same month last year, MG Motor India said in a statement.

TVS Motor Company launches 125 cc-motorcycle Raider in Nepal

TVS Motor Company launches 125 cc-motorcycle Raider in Nepal The sporty motorcycle is powered by a 124.8 cc air and oil-cooled engine, with a maximum power output of 12.9 PS at 8,000 rpm and can accelerate from 0-60 km/h in 5.7 secs, the company said in a regulatory filing.

Bajaj Auto reports 14% decline in total October sales

Bajaj Auto reports 14% decline in total October sales Total domestic sales were down 22 percent at 2,18,565 units last month as against 2,81,160 units in October 2020. Exports were at 2,21,050 units last month as compared to 2,30,878 units in the same month last year, down 4 percent.

Neobank Fi raises $50 million in round led by B Capital, Falcon Edge Capital

Neobank Fi raises $50 million in round led by B Capital, Falcon Edge Capital Fi offers a zero-balance savings account targeting working professionals, with the goal of simplifying banking and savings for them. While it was invite-only until recently, it has now opened up to all users

Neobank Fi raises $50 million in round led by B Capital, Falcon Edge Capital

Neobank Fi raises $50 million in round led by B Capital, Falcon Edge Capital Fi offers a zero-balance savings account targeting working professionals, with the goal of simplifying banking and savings for them. While it was invite-only until recently, it has now opened up to all users

Halloween horror: How railway officials spooked IRCTC investors

Halloween horror: How railway officials spooked IRCTC investors Here’s the lowdown on how a Railway Ministry decision aimed at earning Rs 500 crore revenue annually, on average, led to market cap worth Rs 18,000 crore being wiped out

MC Insider: The investor who has to let go Rs 150 crore, upcoming IPOs, look who’s hiring, food gag order and more

MC Insider: The investor who has to let go Rs 150 crore, upcoming IPOs, look who’s hiring, food gag order and more Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

Petrol, diesel prices today: Hiked for 5th straight day to hit fresh highs

Petrol, diesel prices today: Hiked for 5th straight day to hit fresh highs Petrol, diesel prices today: The fifth consecutive increase follows the unrelenting hike in international oil price.

High Taxes Hampering Growth of Luxury Car Segment in India: Audi

High Taxes Hampering Growth of Luxury Car Segment in India: Audi Luxury car volumes account for less than 2 percent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade

High Taxes Hampering Growth of Luxury Car Segment in India: Audi

High Taxes Hampering Growth of Luxury Car Segment in India: Audi Luxury car volumes account for less than 2 percent of the overall passenger vehicle sales annually and the sector has been more or less at the same level for the past decade

Saudi Aramco sees third-quarter income rise to $30.4 billion

Saudi Aramco sees third-quarter income rise to $30.4 billion Saudi Arabia’s majority state-owned oil giant Aramco said its net income more than doubled from $11.8 billion during the same three-month period a year earlier. Last year’s figure came after profits plunged dramatically as global coronavirus lockdowns slammed oil prices

Market capitalisation of 9 from top 10 most valued firms tumbles by over Rs 2.48 lakh crore

Market capitalisation of 9 from top 10 most valued firms tumbles by over Rs 2.48 lakh crore The market valuation of RIL declined by Rs 56,741.2 crore to reach Rs 16,09,686.75 crore; HDFC Bank#39;s valuation came down by Rs 54,843.3 crore to Rs 8,76,528.42 crore; and TCS saw an erosion of Rs 37,452.9 crore in its worth at Rs 12,57,233.58 crore.

Market capitalisation of 9 from top 10 most valued firms tumbles by over Rs 2.48 lakh crore

Market capitalisation of 9 from top 10 most valued firms tumbles by over Rs 2.48 lakh crore The market valuation of RIL declined by Rs 56,741.2 crore to reach Rs 16,09,686.75 crore; HDFC Bank#39;s valuation came down by Rs 54,843.3 crore to Rs 8,76,528.42 crore; and TCS saw an erosion of Rs 37,452.9 crore in its worth at Rs 12,57,233.58 crore.

Excise collection 79% more than pre-COVID levels

Excise collection 79% more than pre-COVID levels Excise duty collection: Data available from the Controller General of Accounts in the Union Ministry of Finance showed excise duty collections during April-September 2021 surging to over Rs 1.71 lakh crore, from Rs 1.28 lakh crore mop-up in the same period of the previous fiscal

United States, European Union end Trump-era tariff war over steel and aluminium

United States, European Union end Trump-era tariff war over steel and aluminium US Commerce Secretary Gina Raimondo told reporters that the deal will maintain US "Section 232" tariffs of 25 percent on steel and 10 percent aluminium, while allowing "limited volumes" of EU-produced metals into the US duty free

ILFS gets NCLT approval for phase 1 InvIT

ILFS gets NCLT approval for phase 1 InvIT Roadstar Infra Investment Trust, will get six road projects under Phase I and the SPV for this will be transferred to the InvIT at an aggregate valuation of Rs 9,214 crore

Maruti Suzuki expects adverse impact on production next month due to semiconductor shortage

Maruti Suzuki expects adverse impact on production next month due to semiconductor shortage Terming the situation as quite dynamic, the country’s largest carmaker noted in a regulatory filing that as per current estimates the total vehicle production volume across both locations in Haryana next month could be around 85 per cent of normal roll-out.

Indian Oil Corporation Q2 net at Rs 6,360 crore

Indian Oil Corporation Q2 net at Rs 6,360 crore Net profit of Rs 6,360.05 crore, or Rs 6.93 a share, in July-September compared with Rs 6,227.31 crore, or Rs 6.78 per share, in the same period a year back, according to the company’s filing to the stock exchanges.

Indian Oil Corporation Q2 net at Rs 6,360 crore

Indian Oil Corporation Q2 net at Rs 6,360 crore Net profit of Rs 6,360.05 crore, or Rs 6.93 a share, in July-September compared with Rs 6,227.31 crore, or Rs 6.78 per share, in the same period a year back, according to the company’s filing to the stock exchanges.

Indian Oil Corporation Q2 net at Rs 6,360 crore

Indian Oil Corporation Q2 net at Rs 6,360 crore Net profit of Rs 6,360.05 crore, or Rs 6.93 a share, in July-September compared with Rs 6,227.31 crore, or Rs 6.78 per share, in the same period a year back, according to the company’s filing to the stock exchanges.

Godfrey Phillips India Q2 net up 2% at Rs 105 crore

Godfrey Phillips India Q2 net up 2% at Rs 105 crore The company had posted a consolidated net profit of Rs 103.06 crore in the same quarter last fiscal, Godfrey Phillips India Ltd (GPI) said in a regulatory filing.

Serum Institute seeks DCGI nod for COVID vaccine Covovax

Serum Institute seeks DCGI nod for COVID vaccine Covovax The company has submitted interim phase 2/3 clinical study report on Indian adults, the interim report of Novavax UK and USA-Mexico phase-3 clinical study and response to the queries raised by the DCGI office, along with its application.

Serum Institute seeks DCGI nod for COVID vaccine Covovax

Serum Institute seeks DCGI nod for COVID vaccine Covovax The company has submitted interim phase 2/3 clinical study report on Indian adults, the interim report of Novavax UK and USA-Mexico phase-3 clinical study and response to the queries raised by the DCGI office, along with its application.

How Apple is gaining smartphone customers during a chip shortage

How Apple is gaining smartphone customers during a chip shortage Apple has weathered the supply crunch better than many other companies due to its massive purchasing power and long-term supply agreements with chip vendors even though iPhone 13 production hit a snag due to factory closures in Asia and high demand in the second half of the year.

GSK Pharma Q3 net profit jumps over two-folds to Rs 204 crore

GSK Pharma Q3 net profit jumps over two-folds to Rs 204 crore The company had reported a net profit of Rs 76.47 crore in the same period of the previous fiscal.

GSK Pharma Q3 net profit jumps over two-folds to Rs 204 crore

GSK Pharma Q3 net profit jumps over two-folds to Rs 204 crore The company had reported a net profit of Rs 76.47 crore in the same period of the previous fiscal.

Exide Industries Q2 consolidated net dips 24% at Rs 194 crore

Exide Industries Q2 consolidated net dips 24% at Rs 194 crore On a standalone basis, the company posted a net profit after tax of Rs 234.36 crore as compared with Rs 228.77 crore in the corresponding period of previous fiscal.

Exide Industries Q2 consolidated net dips 24% at Rs 194 crore

Exide Industries Q2 consolidated net dips 24% at Rs 194 crore On a standalone basis, the company posted a net profit after tax of Rs 234.36 crore as compared with Rs 228.77 crore in the corresponding period of previous fiscal.

Exide Industries Q2 consolidated net dips 24% at Rs 194 crore

Exide Industries Q2 consolidated net dips 24% at Rs 194 crore On a standalone basis, the company posted a net profit after tax of Rs 234.36 crore as compared with Rs 228.77 crore in the corresponding period of previous fiscal.

High lithium costs start to feed into prices of China EV batteries: Report

High lithium costs start to feed into prices of China EV batteries: Report Widespread power shortages in China leading to reduced supplies and robust demand have created shortages of nickel sulphate and pushed up prices of the battery chemical.

High lithium costs start to feed into prices of China EV batteries: Report

High lithium costs start to feed into prices of China EV batteries: Report Widespread power shortages in China leading to reduced supplies and robust demand have created shortages of nickel sulphate and pushed up prices of the battery chemical.

CAIT pegs Rs 50,000 crore losses to Chinese exporters this Diwali

CAIT pegs Rs 50,000 crore losses to Chinese exporters this Diwali The Confederation of All India Traders (CAIT) also expects that consumers may spend about Rs 2 lakh crore during the Diwali festival sale period.

CAIT pegs Rs 50,000 crore losses to Chinese exporters this Diwali

CAIT pegs Rs 50,000 crore losses to Chinese exporters this Diwali The Confederation of All India Traders (CAIT) also expects that consumers may spend about Rs 2 lakh crore during the Diwali festival sale period.

CAIT pegs Rs 50,000 crore losses to Chinese exporters this Diwali

CAIT pegs Rs 50,000 crore losses to Chinese exporters this Diwali The Confederation of All India Traders (CAIT) also expects that consumers may spend about Rs 2 lakh crore during the Diwali festival sale period.

Silver slides below Rs 65,000 on dollar uptick, weakness in gold, industrial metals

Silver slides below Rs 65,000 on dollar uptick, weakness in gold, industrial metals If MCX Silver for November trades below Rs 65,000, it could test the support zones at Rs 64,625-64,320 levels.

Emami reports 56% rise in Q2 profit at Rs 185 crore

Emami reports 56% rise in Q2 profit at Rs 185 crore The company had posted a consolidated profit after tax of Rs 118.45 crore in the second quarter last fiscal, Emami said in a regulatory filing.

Emami reports 56% rise in Q2 profit at Rs 185 crore

Emami reports 56% rise in Q2 profit at Rs 185 crore The company had posted a consolidated profit after tax of Rs 118.45 crore in the second quarter last fiscal, Emami said in a regulatory filing.

Emami reports 56% rise in Q2 profit at Rs 185 crore

Emami reports 56% rise in Q2 profit at Rs 185 crore The company had posted a consolidated profit after tax of Rs 118.45 crore in the second quarter last fiscal, Emami said in a regulatory filing.

Natural gas futures ease on muted global trend; technicals stay positive

Natural gas futures ease on muted global trend; technicals stay positive The commodity has been trading higher than 20, 50, 100, and 200-day simple and exponential moving averages but lower than the 5-day SMA and EMA on the daily chart.

Natural gas futures ease on muted global trend; technicals stay positive

Natural gas futures ease on muted global trend; technicals stay positive The commodity has been trading higher than 20, 50, 100, and 200-day simple and exponential moving averages but lower than the 5-day SMA and EMA on the daily chart.

Natural gas futures ease on muted global trend; technicals stays positive

Natural gas futures ease on muted global trend; technicals stays positive The commodity has been trading higher than 20, 50, 100, and 200-day simple and exponential moving averages but lower than the 5-day SMA and EMA on the daily chart.

JM Financial Q2 Results | Net profit up by 25 percent at Rs 174 crore

JM Financial Q2 Results | Net profit up by 25 percent at Rs 174 crore Total income of the diversified group, which is into broking, investment banking, asset reconstruction, and housing and retail loans, among others, rose 20.67 per cent to Rs 969.49 crore from Rs 803.40 crore.

Welspun Corp Q2 net profit falls 45% to 84 crore

Welspun Corp Q2 net profit falls 45% to 84 crore The company#39;s expenses stood at Rs 1,235.74 crore, compared to Rs 1,053.76 crore a year earlier.

Platinum and palladium forecasts slashed after chip shortage hits auto sector

Platinum and palladium forecasts slashed after chip shortage hits auto sector Longer term, the phasing out of combustion engines will be worse for palladium because platinum is less dependent on the auto industry and is used in hydrogen fuel cells, said StoneX analyst Rhona O#39;Connell.

Inflation could singe Indian consumers as manufacturers hike prices

Inflation could singe Indian consumers as manufacturers hike prices Prices of items from tea, coffee and biscuits to toothpaste and electric components have risen 4% to 10% in the last quarter, while construction supplies, such as cement and sanitary ware, have added as much as a fifth, they said.

Biden announces $1.75 trillion US spending deal ahead of Europe trip

Biden announces $1.75 trillion US spending deal ahead of Europe trip The White House said Biden will lay out a compromise outline of legislation pouring $1.75 trillion into education, childcare, clean energy and other social services.

SBI Card Q2 net jumps 67% to Rs 345 crore

SBI Card Q2 net jumps 67% to Rs 345 crore The credit card company said it has made a total management overlay provision of Rs 231 crore as of September 2021.

SBI Card Q2 net jumps 67% to Rs 345 crore

SBI Card Q2 net jumps 67% to Rs 345 crore The credit card company said it has made a total management overlay provision of Rs 231 crore as of September 2021.

US jobless claims drop to coronavirus pandemic low at 281,000

US jobless claims drop to coronavirus pandemic low at 281,000 The economy recovered with unexpected speed, helped by the rollout of vaccines and generous government relief checks and other spending.

Gold prices regain Rs 48,000/10 gm mark on safe-haven billing; silver up Rs 170 a kg

Gold prices regain Rs 48,000/10 gm mark on safe-haven billing; silver up Rs 170 a kg The gold-silver ratio stands at 74.24 to 1, which means 74.24 ounces of silver is required to buy an ounce of gold.